Coinbase Global, Inc. (COIN) P/E Ratio History
UndervaluedTrading at 36.7x vs 5Y avg 76.1x · 64th percentile · Below historical baseline · Data 2021–2026
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P/E Ratio Analysis
As of June 22, 2026, Coinbase Global, Inc. (COIN) trades at a price-to-earnings ratio of 36.7x, with a stock price of $163.26 and trailing twelve-month earnings per share of $3.02.
The current P/E is 52% below its 5-year average of 76.1x. Over the past five years, COIN's P/E has ranged from a low of 18.5x to a high of 620.0x, placing the current valuation at the 64th percentile of its historical range.
Compared to the Financial Services sector median P/E of 13.6x, COIN trades at a 170% premium to its sector peers. The sector includes 783 companies with P/E ratios ranging from 0.0x to 196.5x.
The PEG ratio of 0.73 (P/E divided by -53% EPS growth) suggests the stock may be undervalued relative to its earnings growth. Peter Lynch popularized the rule that a PEG below 1.0 indicates an attractive entry point.
Relative to the broader market, COIN commands a significant premium over the S&P 500 median P/E of 24.4x. Investors should consider the company's growth prospects, competitive position, and earnings quality when evaluating whether the current valuation is justified.
For a comprehensive intrinsic value estimate using discounted cash flow analysis, see our COIN DCF Valuation Calculator →
Note: P/E ratio is just one valuation metric. It does not account for balance sheet strength, cash flow quality, or growth sustainability. Always conduct comprehensive due diligence before making investment decisions.
COIN Cross-Benchmark Valuation
How does the current P/E compare to sector peers and the broader market?
COIN P/E vs Peers
Crypto Trading and Market Infrastructure peers sorted by market cap
| Company | Market Cap | P/E Ratio | PEG Ratio | EPS Growth (1Y) |
|---|---|---|---|---|
| $4B | 15.4 | - | +262%Best | |
| $97B | 52.8 | 0.20 | +31% | |
| $43B | 43.2 | 1.46 | +28% | |
| $161B | 19.7 | 1.15 | +56% | |
| $13B | 9.5Lowest | 0.18Best | +106% |
Lower P/E can signal a discount or weaker growth expectations; PEG adds growth context.
COIN Historical P/E Data (2021–2026)
Quarterly P/E ratios calculated from closing price and TTM EPS
| Quarter | Period End | Price | TTM EPS | P/E Ratio | vs Avg |
|---|---|---|---|---|---|
| FY2026 Q1 | - | $174.61 | $2.66 | 65.6x | -14% |
| FY2025 Q4 | Dec 31 2025 | $226.14 | $4.39 | 51.5x | -32% |
| FY2025 Q3 | - | $337.49 | $11.56 | 29.2x | -62% |
| FY2025 Q2 | Jun 30 2025 | $350.49 | $10.34 | 33.9x | -55% |
| FY2025 Q1 | Mar 31 2025 | $172.23 | $5.34 | 32.3x | -58% |
| FY2024 Q4 | - | $248.30 | $9.50 | 26.1x | -66% |
| FY2024 Q3 | Sep 30 2024 | $178.17 | $5.87 | 30.4x | -60% |
| FY2024 Q2 | Jun 30 2024 | $222.23 | $5.58 | 39.8x | -48% |
| FY2024 Q1 | Mar 31 2024 | $265.12 | $5.02 | 52.8x | -31% |
| FY2023 Q4 | Dec 31 2023 | $173.92 | $0.28 | 620.0x | +714% |
| FY2022 Q1 | - | $189.86 | $9.68 | 19.6x | -74% |
| FY2021 Q4 | Dec 31 2021 | $252.37 | $13.61 | 18.5x | -76% |
| FY2021 Q3 | - | $227.48 | $11.41 | 19.9x | -74% |
| FY2021 Q2 | Jun 30 2021 | $253.30 | $9.64 | 26.3x | -65% |
Average P/E for displayed period: 76.1x
Full Stock Analysis
Deep dive into COIN consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
5+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
COIN — Frequently Asked Questions
Quick answers to the most common questions about buying COIN stock.
What is COIN's P/E ratio?
Coinbase Global, Inc. (COIN) trailing twelve-month P/E ratio is 36.7x, based on TTM diluted EPS of $3.02. The 5-year average P/E is 76.1x and the historical range spans 18.5x to 620.0x.
Is COIN stock overvalued or undervalued?
COIN trades at 36.7x P/E, below its 5-year average of 76.1x. At the 64th percentile of its historical range (18.5x–620.0x), the stock is priced at a discount to its own history.
Is COIN stock expensive?
No, COIN is not expensive on a historical basis. The current P/E of 36.7x is below the 5-year average of 76.1x and sits at the 64th percentile of its valuation range.
What is COIN's historical P/E range?
Over the past 5 years, COIN's P/E ratio has ranged from 18.5x to 620.0x, with a median of 32.3x and an average of 76.1x. The current P/E of 36.7x places the stock at the 64th percentile of this range. Full historical data spans 2021–2026.
How does COIN's P/E compare to the S&P 500?
COIN trades at 36.7x P/E versus the S&P 500 median of 24.4x. The 50% premium to the market typically reflects higher expected earnings growth or quality.
How does COIN's valuation compare to Financial Services peers?
Coinbase Global, Inc. P/E of 36.7x compares to the Financial Services sector median of 13.6x. The premium reflects expected growth above peers or stronger fundamentals. See the peer comparison table on this page for ticker-by-ticker P/E and PEG.
What is COIN's PEG ratio?
COIN PEG ratio is 0.73, based on a P/E of 36.7x and EPS growth of -53.1%. A PEG below 1.0 indicates the valuation is supported by the earnings growth rate — typically considered attractive.
What is COIN's earnings yield?
COIN earnings yield is 2.73%, the inverse of its 36.7x P/E ratio. Earnings yield represents the percentage of each dollar invested that the company earns. It can be compared directly to bond yields to assess relative attractiveness of stocks versus fixed income.